Web3 gaming is dead
>A complete collapse of Web3 games: more than 90% of crypto projects are considered dead
The crypto space has faced a real problem, most gaming projects turned out to be non-viable
>The sector is going through what might be its worst period, according to @caladanxyz , over the past years, nearly the entire $15B of venture capital invested has effectively been lost
>Investors are leaving the sector en masse, rotating liquidity into RWA, AI, and NFTs. Many games were built around the P2E model, but this concept breaks down as soon as new users stop coming in
>Against this backdrop, projects like @TheSandboxGame and @AxieInfinity have seen new user numbers drop by tens, if not hundreds of times
>We still remember what it felt like to play our favorite game on the blockchain, and we hope to see this sector come back to life
Which Web3 game did you play the most?
